ALFA Finder| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | 12% YoY growth driven by large project execution. |
|---|---|
| Margins | Structural contraction; margins crashed from 8.6% to 4.3% YoY. |
| Order book | Healthy order book at ₹20,663 crores, roughly 4x execution ratio. |
| Demand visibility | Strong sector demand; visibility from large public and private projects. |
| Management confidence | Defensive; aggressive tone when challenged on labor cost awareness. |
Growth
Revenue grew 12% YoY, but PAT plummeted 77% as labor costs jumped 35-40% in NCR.
Outlook
Management expects 12-15% revenue growth for FY27, ruling out double-digit EBITDA margins this year.
Risks
Persistent labor shortages, regulatory construction bans (NGT), and lack of labor escalation clauses in private contracts.
Last quarter's promises, checked
Delivered
- Revenue growth 15-20% → delivered 12% (= PARTIAL)
- Order inflow target ₹8,000 Cr → delivered ₹10,257 Cr (= BEAT)
- Net worth > ₹2,000 Cr → delivered > ₹2,000 Cr (= BEAT)
Partly delivered
- Double-digit margins in FY27 → Now ruled out for current year (= PARTIAL)
Missed
- EBITDA margin 10%+ → delivered 4.29% (= MISS)
- PAT growth → delivered -77% YoY (= MISS)
- Capex ₹300 Cr → delivered ₹274 Cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: AHLUCONT. Summary written with AI assistance from the document.
Ahluwalia Contracts (India) Ltd: key numbers
- Share price
- ₹521.40
- Market cap
- ₹3,493 Cr
- Revenue (annual)
- ₹4,565 Cr
- Net profit (annual)
- ₹265.9 Cr
- P/E (TTM)
- 15.5×Sector 33.5×
- Promoter holding
- 55.32%+0.00% QoQ
- FII holding
- 14.02%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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